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Australia’s Annual Wage Growth in 2022 Failed to Reach Expectations

Australia’s Annual Wage Growth in 2022 Failed to Reach Expectations
Staff pour drinks at a hotel bar in Perth, Australia, on Feb. 5, 2021. Stefan Gosatti/Getty Images
Alfred Bui
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Australia’s wage growth hit 3.3 percent in the 12 months to December 2022, falling short of market expectations despite its indication of a positive development.

According to the Australian Bureau of Statistics (ABS), the wage price index rose 0.8 percent in the December 2022 quarter.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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